A bit of a push-back - energy, banking and John F. Kerry

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Such a pompous ass. The State Treasurers from fifteen energy-producing states put him on notice this morning with a letter telling him to stop acting behind the scenes and pressuring banks to divest from energy companies. They are threatening to withhold their state's tax revenue.  Not an idle threat.

Letter here: State Treasurers Letter to John Kerry on Fossil Fuel Lending

A few excerpts:

We are writing today to express our deep concern with recent reports that you, and other members of the Biden Administration, are privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies, as part of a misguided strategy to eliminate the fossil fuel industry in our country

And this:

As a collective, we strongly oppose command-and-control economic policies that attempt to bend the free market to the political will of government officials. It is simply antithetical to our nation’s position as a democracy and a capitalist economy for the Executive Branch to bully corporations into curtailing legal activities. The Biden Administration’s top-down tactics of picking economic winners and losers deprives the real determinate group in our society – the people – of essential choice and agency.

Of course, Kerry will just shrug this off saying that these are just State elected officials.  They are not as "nuanced" as he is. They do not see the big picture.

We think that Biden is the worst president in recent history.  I could only imagine what a Kerry presidency would have been like - the guy is a buffoon. So full of himself. So out of touch.

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This page contains a single entry by DaveH published on May 27, 2021 5:49 AM.

An early start to the day was the previous entry in this blog.

There is hope - now, let us see what they do with it - A Bill is the next entry in this blog.

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